Automation of Analytics in Audit – Live Demo Webinar – International Internal Audit Awareness Month

Date/Time
Date(s) - 26/05/2023
10:00 am - 11:00 am

CPE: 1

1. • Brief about the session: “

   According to McKinsey, an incredible 60 percent of the audit process can be partly or fully automated. And they should be, to prevent costly error rates of up to 16 percent — and wasted spreadsheet time adding up to 26 hours per analyst per week.

   In this live demo, Alteryx will be discussing three key common audit processes that you can modernize so you and your team can spend more time solving analytic problems rather than manually wrangling and reconciling data.

    

   • Use Case #1: Continuous Auditing: Traditionally, audits have proven to be both time-consuming and labor-intensive, especially when done manually. Continuous auditing through automation, on the other hand, can improve the effectiveness and efficiency of audits.
   • Use Case #2: Fraud Detection: Fraud exists in many organizations but can be difficult to identify. It’s easy for companies to miss fraud if they’re not checking every transaction or frustrating when a transaction is incorrectly flagged as fraudulent.
   • Use Case #3: Regulatory Risk Reduction: Regulatory risk is the risk that regulations and laws will change and negatively affect a business. When regulatory returns or processes are manually run, risk levels can increase along with missed deadlines and fines.

    

   • Brief about the Speaker:

   Ruchi Batra, Solution Engineer, Middle East & Africa at Alteryx